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At some point in that process, your mortgage underwriter may have asked you to provide a letter of explanation. If this is the first time you’ve been asked for a letter of explanation-sometimes called.
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Get the spelling correct. Include your loan number and contact information at the top of your letter. Write in a businesslike manner and state what you’re asking for, whether it’s a reduction in your.
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How to write a letter of explanation. The letter is considered a piece of supplemental information that goes along with your mortgage application. With that in mind, make sure it is thorough and accurate. It’s best if you provide supplemental documentation along with your letter.
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1 Write Letters of Explanation for a mortgage underwriter 2 qualify for a FHA Home Loan After a Foreclosure 3 Where Can I Get a House Loan if I Have a Foreclosure on My Credit Report?
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